Express, Inc. (NYSE:EXPR) has received a consensus rating of “Hold” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $8.61.
EXPR has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Express from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Monday, December 4th. SunTrust Banks lowered their price target on shares of Express to $8.00 and set a “hold” rating for the company in a research report on Wednesday, January 10th. BMO Capital Markets set a $10.00 price target on shares of Express and gave the stock a “hold” rating in a research report on Friday, December 1st. Finally, B. Riley lifted their price target on shares of Express from $7.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, November 30th.
Express (NYSE EXPR) traded down $0.22 on Wednesday, reaching $6.98. 1,696,698 shares of the company’s stock traded hands, compared to its average volume of 2,806,868. Express has a 52-week low of $5.28 and a 52-week high of $11.34. The firm has a market cap of $567.42, a PE ratio of 30.00 and a beta of 0.94.
Express declared that its Board of Directors has initiated a share buyback plan on Thursday, November 30th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Zeke Capital Advisors LLC acquired a new position in Express during the fourth quarter valued at approximately $108,000. Public Employees Retirement System of Ohio grew its holdings in Express by 29.5% during the second quarter. Public Employees Retirement System of Ohio now owns 20,739 shares of the company’s stock valued at $140,000 after purchasing an additional 4,722 shares during the period. Alambic Investment Management L.P. acquired a new position in Express during the fourth quarter valued at approximately $147,000. Municipal Employees Retirement System of Michigan grew its holdings in Express by 59.1% during the third quarter. Municipal Employees Retirement System of Michigan now owns 29,420 shares of the company’s stock valued at $199,000 after purchasing an additional 10,930 shares during the period. Finally, FNY Managed Accounts LLC acquired a new position in Express during the third quarter valued at approximately $201,000. Hedge funds and other institutional investors own 99.08% of the company’s stock.
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Express, Inc is a specialty apparel and accessories retailer offering both women’s and men’s merchandise. The Company targets women and men between 20 and 30 years old. It offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeanswear and going-out occasions.
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